Over the past year, we have seen some heavy use of our DeroGold network. At the time of writing this article, our network has processed more than 29.1 million transactions (27.5 million excluding coinbase transactions). That is, for example, 10x more than the Monero network processed last year.
While we were excited to see such a heavy use of our network, we had to come up with a sustainable concept that would ensure our network is not abused, attacked and misused by individuals who would send transactions between their wallets using automated scripts, which would lead to blockchain bloat.
For this (as well as other) reasons, we decided to implement Proof of Work on each transaction. Our consensus-based transaction validation mechanism would reject any transaction that does not pass certain number of rounds of Proof of Work at the creation time on the user side (wallet, wallet-api etc.)
We currently implement this mechanism into our core code, make necessary changes in the wallets and wallet-backends. We expect to hard-fork to start using transactions PoW in about one month time onwards (network height 2,337,500, subject to testing will go OK).
Watch this space regularly over the next few weeks to ensure you upgrade your nodes and wallets when we publish our next release, so that you make sure you will be able to use your nodes and wallets after the fork.
